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Tax Changes: Funding Golf Courses and Country Clubs with Bonds

This new law removes restrictions on using certain bond proceeds for private or commercial golf courses and country clubs. This means these facilities can now more easily secure funding from specific sources, potentially impacting their development and accessibility. The changes apply to obligations issued after the law's enactment and affect certain tax credits and investment zones.
Key points
Allows private and commercial golf courses and country clubs to be funded with certain bond proceeds.
Amends tax provisions related to empowerment zones and opportunity zones, affecting employer and investor credits.
New rules apply to obligations issued after the enactment date and for taxable years beginning after that date.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1583
Sponsor: Rep. Tenney, Claudia [R-NY-24]
Process start date: 2025-02-25
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

PAR Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1583.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-02-25.

What are the main provisions?

Key points include:

  • Allows private and commercial golf courses and country clubs to be funded with certain bond proceeds.
  • Amends tax provisions related to empowerment zones and opportunity zones, affecting employer and investor credits.
  • New rules apply to obligations issued after the enactment date and for taxable years beginning after that date.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Tenney, Claudia [R-NY-24].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Taxes Public Investments